The Pakistan Stock Exchange (PSX) continued in the green on Thursday, with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points.

The index opened lower, falling to 39,237 points mid-session, before fertilisers led the recovery to help the index peak at 39,916 points before settling slightly lower.

Trading remained dull, with only 108.9 million shares worth Rs4.8 billion traded. Of the 317 traded scrips, 173 advanced, 127 declined and 17 remained unchanged.

"Market opened gap down as index heavy exploration and production companies took the brunt of selling following the decline in global crude prices as demand concerns rises due to US-China trade war," Elixir Securities said. "Later on, fertilisers led the recovery on reported local buying."

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.